The Boulder Group completed the sale of a single-tenant net-leased National Tire & Battery property at 7000 N. Freeway in Fort Worth, Texas, for $2.675 million.

The 6,753-square-foot building is located on an outparcel in front of The Home Depot and benefits from its position at the exit off Interstate-35 West, which experiences over 184,000 vehicles per day.

The area features a diverse mix of tenants including Crash Champions, Goodwill, 7-Eleven, Taco Bell, Caliber Car Wash, CareNow, Einstein Bro’s, and others. The property is surrounded by a large population, with over 295,000 residents living within a five-mile radius. The average household income within this radius exceeds $105,000.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was an east-coast based real estate company. The buyer was a Texas-based real estate investor.

SPI Advisory, LLC and investment partner CR Capital, LLC, closed the sale of the Parker Apartments in Tyler, Texas, marking the completion of a successful six-year period of ownership.

Acquired by SPI and CR Capital in 2018, Parker Apartments, a Class-B, 192-unit apartment complex located at 5105 Old Bullard Road, underwent a transformative journey under SPI and CR Capital’s stewardship. Over the years, SPI and CR Capital implemented extensive renovations, enhancing the property’s appeal and marketability.

These renovations included premium unit upgrades, modernization of the leasing office, revitalization of the pool and tennis court areas, installation of a package locker system, and more.

Located within proximity to key economic hubs such as the University of Texas at Tyler, Broadway Square Mall, and Mother Frances Hospital, Parker Apartments offers residents unparalleled convenience. The property’s comprehensive amenity package includes stainless steel appliances, in-unit washers and dryers, private backyards and patios, valet waste service, and a range of community features such as a resort-style swimming pool, business center, clubhouse, tennis court, and more, which further enhances its appeal.

JLL’s Capital Markets group arranged a $290 million construction loan for Parkside Uptown, an approximately 500,000-square-foot, trophy Class-AA office tower being built in Uptown Dallas.

JLL worked on behalf of the developer, Pacific Elm Properties, to secure the four-year, floating-rate loan from the Real Estate group within Goldman Sachs Alternatives.

Due for completion in 2027, Parkside Uptown will stand 30 stories tall and offer trophy office space and top-of-the-line amenities, including a sky lobby and lounge, outdoor tenant terraces, fitness facilities and ground-floor retail. Bank of America has pre-leased 49% of the space as of the time of loan closing.

According to JLL Research, highly amenitized buildings are expanding their outperformance against the broader market with certain amenities such as roof terraces or outdoor seating driving the most rent premiums.

Parkside Uptown is located at the corner of Harwood Street and Woodall Rogers Freeway in the heart of Uptown Dallas. The property is immediately adjacent to Klyde Warren Park, a 5.2-acre park that serves as a focal point of the city, connecting Uptown and Downtown Dallas, and is within walking distance of numerous restaurants and entertainment options.

The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Trey Morsbach, Senior Managing Directors Jim Curtin and Michael Cosby and Managing Director Greg Napper.

PranaX, a company working in regenerative science, has leased a 7,400-square-foot, turn-key lab space on the second floor of Levit Green’s Phase I building. PranaX will be moving into its new space this week, showcasing the truly move-in-ready nature of the space.

PranaX is an emerging biotechnology company dedicated to harnessing exosomes to rejuvenate aging, inflamed, and damaged tissues and organs. The company’s goal is to unlock the regenerative properties of exosomes to enhance quality of life, contributing to healthier, more fulfilling lives.

PranaX has entered into a technology licensing agreement with The University of Texas MD Anderson Cancer Center and aims to utilize this technology to commercialize exosomes as therapeutics, natural supplements and wellness products that can promote healthy aging. The company’s research and development and manufacturing operations will be headquartered in Houston, within Levit Green.

In collaboration with Hines, PranaX is working to convert one of the lab’s support rooms into an ISO-7 clean room that meets FDA standards. This clean room will be instrumental in manufacturing approved therapies for patients at their offsite clinic, further enhancing the suite’s capabilities to support cutting-edge research and development.

Additionally, PranaX will utilize the suite to offer exosome banking services, an innovative approach to support wound healing and initiate cell growth and development. This service aligns with the growing interest in personalized medicine and the potential for clinical breakthroughs in the treatment of serious medical conditions.

Completed in 2023, Levit Green’s first phase is a state-of-the-art lab, biomanufacturing facility designed with flexibility in mind to meet the evolving needs of the life sciences industry. The 290,000-square-foot, five-story building is part of the broader nine-building Levit Green masterplan, which will offer a curated mix of research and production facilities, office, retail, residential, and outdoor amenities. 

The building has two turnkey laboratory suites, each approximately 11,000 square feet, available for immediate occupancy and leasing. These suites come fully equipped with lab benching, casework, and furniture, offering a ready-to-use space for scientific research. Additionally, the building features 25,000 square feet of dedicated lab incubator space, designed to support entrepreneurs and early-stage life science companies. This space not only provides top-tier laboratory and office facilities in a strategic location but also fosters networking opportunities for burgeoning businesses in the life sciences sector.

CBRE has announced a 273,480-square-foot lease at Beltway 35 Business Park in Houston to Wallenius Wilhelmsen, a global shipping and logistics solutions company.

CBRE’s Quinten Davis and Hoan Le represented the tenant, Wallenius Wilhelmsen. JLL represented the landlord, Greystar Real Estate Partners, in the transaction.

Wallenius Wilhelmsen provides heavy haul transportation and logistics services for construction, mining and agricultural equipment. This will be the company’s fourth location in Texas.

Beltway 35 Business Park – Building 2, located at 7561 S Sam Houston Pkwy E, is a new construction industrial warehouse totaling 273,480 sq. ft. The site offers immediate access to Beltway 8, SH-35, Hwy 288 and I-45. Additionally, this property offers access to Houston’s two major industrial submarkets in Southeast and Southwest Houston. The facility is a cross dock configuration and offers 245 parking spots, 72 trailer spots and 48 dock doors.

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